By Wendy Van Sickle
Columbus, Ohio, July 31 – GS Finance Corp. priced $1.79 million of 0% autocallable notes due Aug. 9, 2027 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus an annual call premium of 10% if the index closes at or above its call level on any annual review date. The call level will be 103 % of the initial level for the July 26, 2018 review date, stepping up by 300 basis points on each subsequent call review date up to 127% of the initial level on July 26, 2026.
The payout at maturity will be par plus three times any index gain. If the index falls, the payout will be par.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable notes
|
| Underlying index: | GS Momentum Builder Multi-Asset 5S ER index
|
| Amount: | $1,785,000
|
| Maturity: | Aug. 9, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus three times any index gain; otherwise, par
|
| Call: | At par plus an annual call premium of 10% if the index closes at or above its call level on any annual review date
|
| Initial index level: | 103.77
|
| Call level: | 103% of the initial level for the July 26, 2018 review date, stepping up by 300 bps on each subsequent call review date up to 127% of the initial level on July 26, 2026
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 5.7%
|
| Cusip: | 40054LJ54
|
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